ADESA, a leader in wholesale auto, announced plans for the continued expansion and development of its new, proprietary online auction product, ADESA Clear. ADESA, which is owned by leading online auto retailer Carvana, developed and began testing Clear in late 2023, leveraging both ADESA’s extensive wholesale auto expertise and Carvana’s deep technology and digital … [More]
National Firm Acquires Phoenix Construction Services Co., Expanding Resources and Expertise in the Southwest
Atwell has continued to extend its reach by acquiring the operations of Terrascape Consulting, adding expertise in engineering and surveying to its resources in the Southwest. Terms of the transaction were not disclosed. Terrascape, founded in 2006, is based in Phoenix, Arizona. The company is deeply committed to client service and brings knowledge of the region's unique … [More]
Survey Finds 3 in 10 Companies Will Enforce a Full 5-Day In-Office Workweek This Year
ResumeTemplates.com, the leading platform for free professional resume templates and examples, from a January 2025 survey examining corporate return-to-office (RTO) strategies. The survey of 849 U.S. managers reveals that 27% of companies will require employees to work in-office five days a week by the end of the year, with many citing corporate trends and recent government … [More]
Kansas-Based Bank Expands Presence in Phoenix with Completed $2B Acquisition
UMB Financial Corporation announced that it will close the acquisition of Heartland Financial USA, Inc., effective at 11:59 p.m. As a result of this successful completion, UMB’s asset size will increase to approximately $68 billion (based on assets as of Dec. 31, 2024), expanding its geographic footprint from eight to 13 states. Arizona is a growing market for the bank. The … [More]
Arizona’s Build-to-Rent Boom: 14,000 New Single-Family Rentals in the Pipeline
As urban areas become more crowded and homeownership slips further out of reach, the build-to-rent (BTR) market is stepping in to fill the gap. Nationwide, more than 110,000 single-family rentals are under construction, set to increase the BTR inventory by 53.5% once completed. Arizona stands out as a major player in this expansion. Arizona’s Build-to-Rent … [More]
Phoenix Sky Harbor International Airport Surpasses Passenger Record
Phoenix Sky Harbor International Airport has broken another passenger record. 2024 is the busiest year ever in the airport's history. The year-end passenger numbers show a 7.5 percent increase from 2023's record-breaking numbers. In total, 52,325,266 passengers came through Phoenix Sky Harbor's terminals in 2024. “The airport continues to set the bar for record … [More]
Report: ASU Adds as Much Economic Impact as Hosting the Big Game, Times Eight
A new report Shows ASU contributes an estimated $32 billion
More than one in four working Arizonans with a bachelor's degree earned it from Arizona State University but the economic impact generated is a crucial benefit to the entire state. According to a new report from the Seidman Research Institute at the W. P. Carey School of Business, ASU's spending on operations and construction contributes, directly and indirectly, $6.1 … [More]
Day/Night Pizza and Cocktails Hotspot Announces South Tempe Location
Landing this summer, Night Owl Pizza & Drinks is bringing its signature mix of pinball, pizza and all-day/all-night patio fun to a new neighborhood nestled in the heart of South Tempe. Perched on the SW corner of Mill Ave and Alameda, this second-ever location will feature the same kicked back vibe, pairing premium pizzas, smashburgers, and punched up pub grub with craft … [More]
Esplanade Campus Completes $45 Million Renovation
Iconic property revitalized with 30,000 sf of new amenity space
The Esplanade office complex has completed a major renovation and upgrade of the prestigious four building campus in the Camelback Corridor located at 2425, 2525, 2575, and 2555 E. Camelback Rd. The $45 million renovation, added approximately 30,000 square feet of new amenity spaces, including a new conference center, tenant lounge, full-service restaurant, fitness center, … [More]
Premier Retail and Entertainment Destination in Scottsdale Acquired by Joint Venture
Acquisition of The Pavilions at Talking Stick, one of the premier retail and entertainment destinations in Scottsdale, by Pavilions SRPMIC De Rito JV, LLC, is complete. This strategic acquisition marks a significant milestone in the company's growth and commitment to enhancing the retail landscape in the region. Details of the deal were not disclosed. Located at the … [More]
